Opinion

Nigeria’s Dollar Trap: How It Impacts Foreign Investors and Nigerian Jobs, By Arbiterz

The drop in oil prices and the collapse of Nigeria’s income will not only affect foreign investors. The federal government is likely to start defaulting in payments to contractors and even its staff and allocate less money to the states, who will also start to default on their obligations. The…
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Opinion

Nigeria’s Huge Debt Burden and How We Got There (1), By Eric Teniola

Nigeria’s foreign indebtedness started during the military regime of General Olusegun Obasanjo in 1977. The government first borrowed N600 million (USD$1 billion), which was followed by another huge borrowing of N734 million (USD$ billion) in 1978. Thereafter, there were borrowings by both the federal and state governments, which later aggravated…
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Bámidélé Upfront

Borrowings Without Infrastructure: Mortgaging Away Our Future, By Bámidélé Adémólá-Olátéjú

...where are the infrastructure we were promised? Budgets have not been implemented even by half, yet the country is borrowing more and producing a tidal wave of debts that will eventually crush the next generation in red ink and likely crash our economy well before then. Parents are saddled with…
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Opinion

The Need for a Rigorous Re-think: Kemi Adeosun and Nigeria’s Debt Story, By Oluseun Onigbinde

I believe the debt debate is rooted in the fact that the Nigerian government is taking the escapist approach, raking up debt in quick numbers, rapidly forgetting where before the exit of creditors. This escapist approach of taking gradual steps on revenue, but giant footprints on debt is what is…
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Opinion

Whether or Not You Read This, You Still Owe N102,000, By Saatah Nubari

It is easier to say something like “wetin concern me” than to go out to cast a vote for the right persons and defend that vote. This thing isn't magic, Nigerians need to be more involved in the political process, but until then with “wetin concern me,” every Nigerian owes…
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Opinion

The Party Has Been Long Over; Let’s Get to Work, By Henry Anibe Agbonika

As part of efforts to monitor fiscal sustainability, the PBO would develop a multi-year framework to analyse spending, performance and relative operational efficacy using public performance and spending data. The FAA would also ensure that all of government’s programmes are effective and efficient, focusing on results, value for taxpayers’ money,…
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Opinion

The National Debt Profile and Management Under President Buhari, By Jide Ayobolu

The present government appears very cautious and extremely careful in its spending; and it seems highly reluctant to accumulate more debts, but with the reckless and frivolous spending of the past administration, the lack of necessary savings and dwindling oil revenue, borrowing remains inevitable for the time being. There is…
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Opinion

Major Takeaways from President Buhari’s Trips To Saudi Arabia and Qatar, By Garba Shehu

At the invitation of King Salman Bin-Abdulaziz al-Saud of Saudi Arabia and of the Ruler of Qatar, Sheikh Tamim Bin Hamad al-Thani, President Muhammadu Buhari undertook state visits to the two Middle-Eastern states between February 22nd and 29th. As expected, there is much healthy anxiety at home about the outcomes…
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